On September 21, Intel rose 4.04% in pre-market trading, trading at approximately $114.39 per share, with turnover of $47.64 million, extending a strong rally that has persisted for nearly a week.
On the news front, Intel reportedly secured a new patent embedding Micro LED into glass substrates for deep optoelectronic integration and is partnering with AUO to leverage its glass process expertise. The collaboration aims to establish differentiated advantages in AI computing packaging and compete for advanced packaging orders, while enabling AUO to pivot from display panels to higher-value advanced packaging.
This latest development adds to a series of bullish catalysts. CEO Lip-Bu Tan recently stated CPU demand is extremely strong, with the company currently able to meet only about 50% of customer orders. Additionally, Intel's 14A process node has reportedly been accelerated to trial production in Q1 next year, ahead of the original schedule. Multiple major tech firms including Amazon, Apple, AMD, and NVIDIA are evaluating Intel's 14A process. Tigress Financial also raised its price target to $145, maintaining a Buy rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)